Banks’ Borrowings From CBN Rise By 464% To N4.95trn   Banks’ borrowings from the Central Bank of Nigeria (CBN) Standing Lending Facility (SLF) rose year-on-year (YoY) by 464 percent to N4.95 trillion in the first quarter of 2023 (Q1’23) from N877 billion in the corresponding period...

VIDEO: Nigerians Condemn Incessant Borrowings, Want Next Administration To Look Inwards https://youtu.be/HUWFU0_oIUs Barely six weeks to the expiration of the Muhammadu Buhari administration, Nigerians have expressed displeasure over its management of the economy especially the humongous debt burden it is leaving behind. The seemingly angry Nigerians said...

In Three Months, FG Borrowed N3.17trn   The money borrowed by Federal Government in the first quarter stood at more than N3.17 trillion, records have revealed. Data obtained by The Nation Economic Intelligence showed that the government had raised N3.17 trillion in the past three months through...

Amid FG Borrowings, Money Supply Reached N53.27trn In January   On the back of the federal government increased borrowing, money supply (M3) in the economy increased to N53.27 trillion in January 2023, representing a 17.87 per cent Year-on-Year (YoY) increase from N45.19 trillion reported in January...

DMO Promises Not To Exceed 2023 Borrowings As FG Borrows N2.13trn In Two Months The Debt Management Office (DMO) has assured that it will not exceed the legally approved new borrowing in the 2023 Appropriation Act. The DMO was reacting to a report that the Federal...

Bank Borrowing From CBN Rises By 260% To N21.87trn   Deposit Money Banks borrowed the sum of N21.87tn from the Central Bank of Nigeria via the Standing Lending Facility window and Repurchase Lending platform in 2020, according to the CBN financial data. This represents a 260 per...